3 in 5 companies report employees not ready for retirment

Employees not financially ready for retirement…..

“This sentiment is reflected in America Speaks Out on Retirement: 2007 Investor Research Study (AIG SunAmerica). The survey showed 44% of boomers (defined in the study as those between 45 to 60 years old) who plan to retire by age 63 have no target retirement income goal. Many admitted they have no plans for the next 30 years after leaving the workforce.

While boomers are generally known as a generation of spenders and not savers, the AIG SunAmerica survey revealed that almost all boomers – eight out of ten of the respondents – named guaranteed lifetime income as very or extremely important….” from Insurance News
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